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Sonic R. System

  • #72,581
  • May 30, 2014 4:34am May 30, 2014 4:34am
Quoting traderathome
{quote} EURUSD: The M15 Classic long setup points right into strong resistance. Be careful. Might want to let it break up (if if does) and then wait for a retrace back to the SR area. {image}

Agreed, you are quite right, I had not given 1.3623 enough credit but it is actually quite strong. I was looking at 1.3634.. have sold out my scouts with a little scalp profit..
  • #72,582
  • May 30, 2014 4:50am May 30, 2014 4:50am
Quoting bluepanther
First off: Many thanks to the creators and contributors to this great system. Our gratitude knows no bounds... I guess the best thanks would be to PAY THIS FAVOR FORWARD! Secondly: Apologies if this has been asked before... 1. Is there an FAQ? Can this PLEASE be considered at the first post of this thread? It takes a lifetime to read all 3600 pages of posts! (I am still alive, so obviously I have not finished reading) But the most important points (links to indicators, manuals) have been included - thankfully!!! 2. I was...
Everybody wants it easy. Post #1 homework should answer all questions, and it doesn't prescribe reading all the thread pages. College takes four years, with lots of testing along the way. Consider yourself lucky this material won't take that long.

Of course, like many that come here, you can go right into testing without even cracking the books!

And when the failures come and your posts cry out "What's this?, and "Why that?".....you are going to be referred right back to do your Post #1 homework.

-tah
  • #72,583
  • Edited 6:09am May 30, 2014 5:04am | Edited 6:09am
Quoting traderathome
{quote} EURUSD: The M15 Classic long setup points right into strong resistance (see H1). Might want to let it break up (if if does) and then wait for a retrace back to the SR area. And even then, wait to see what happens. Remember, this is Friday, and the MMs are not likely to be busting out of their britches today to mount a fantastic move. More likely than not, they will just try to fake traders into wrong side positions while moving prices to advantage their own position building. This pair is still very beaish. I would not be trusting a "Friday...
TAH thank you for this round up, I am in full agreement. It is frustrating that Friday means these otherwise quite good signal is dampened.

Taking into account what you said I note volume is still high even though we seem to be at range high.. MM building o/s positions for bear swing maybe.

Thanks


Edit: I think we will find out at NY open!

Edit 2: There it goes..
  • #72,584
  • May 30, 2014 5:14am May 30, 2014 5:14am
GBPJPY Long Trade Entered:
M15 shows heavy buying in and around the 170 psych level.
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H1 also showing buying activity also with an inverse H&S in play with roughly 171 as the target.
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  • #72,585
  • May 30, 2014 5:16am May 30, 2014 5:16am
Quoting traderathome
{quote} Everybody wants it easy. Post #1 homework should answer all questions, and it doesn't prescribe reading all the thread pages. College takes four years, with lots of testing along the way. Consider yourself lucky this material won't take that long. Of course, like many that come here, you can go right into testing without even cracking the books! And when the failures come and your posts cry out "What's this?, and "Why that?".....you are going to be referred right back to do your Post #1 homework. -tah
I understand and appreciate your answer TAH. I got the gist from hints in the first post, but there is not a specific answer addressing this very question. Any system that can be defined can be automated. Is there anyone that has fleetingly considered this, or attempted this and failed?

Just a thought as I try to make heads and tails of how to operate this "contraption".

Please, continue.
  • #72,586
  • May 30, 2014 5:25am May 30, 2014 5:25am
Quoting AdrianC
{quote} Good pips! But always remember, don't stack your scout when the trade is going against you, when dragon is still below trend. -AdrianC.

Thank you ...... I also keep my positions small
Years wandering the desert and laughter by the mirage
  • #72,587
  • Edited 6:05am May 30, 2014 5:33am | Edited 6:05am
Quoting bluepanther
{quote} I understand and appreciate your answer TAH. I got the gist from hints in the first post, but there is not a specific answer addressing this very question. Any system that can be defined can be automated. Is there anyone that has fleetingly considered this, or attempted this and failed? Just a thought as I try to make heads and tails of how to operate this "contraption". Please, continue.
"Any system that can be defined can be automated. "

How about a system that accepts that the market has no definable, reliable absolutes?

The Sonic R. System, now with PVSRA, attempts like never before to ferret out what the Robber Bank MMs are about doing. Police can catch crooks. Nobody can just look at a crook and from that alone, know they are a crook, and know for sure they are about to commit a crime.

Freud would be laughing at your assumption you can automate the divining of what is in other people's souls! Good luck with that. Maybe the reason we have no EAs is because we are smarter than that.

Lazy people want something, or someone else to do their work for them. The Sonic R. System is about traders freeing themselves from the bonds of all the lies and deceptions that abound about the market, and learning how the market really works. And for that, there is no substitute but to do the work yourself, or leave.

One of the biggest lies about the market is that if you have enough EAs, and indicators, etc., you can figure out the market and be profitable. The first thing that thieves do to set up their mark is to give the mark confidence. The market even gives it's marks a bounty of tools so they can all feel real confident.

From your Profile, you covet automation. You should probably just pass us by.

-tah
  • #72,588
  • May 30, 2014 6:00am May 30, 2014 6:00am
Quoting wizz2014
Sonicers, here is an EA Short Classic. I had also relied on supply zone, volume and candle stick formation. Can you confirm if this is correct? {image}
Update: This was a very good one and the net pips came to 3172 ( a first for a newbie, me). I have to close as the market may begin to swing the other way and the demand range has been hit already. Although it started as a scout, I mistakenly closed the 1st two EPs (see blue arrow on the supply region), but followed on with more scouts and classics as I entered the green territory.
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  • #72,589
  • May 30, 2014 6:13am May 30, 2014 6:13am
Quoting wizz2014
{quote} Update: This was a very good one and the net pips came to 3172 ( a first for a newbie, me). I have to close as the market may begin to swing the other way and the demand range has been hit already. Although it started as a scout, I mistakenly closed the 1st two EPs (see blue arrow on the supply region), but followed on with more scouts and classics as I entered the green territory. {image} {image} {image} {image}
wizz2014,

Way to go, 3,172 pips!
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  • #72,590
  • May 30, 2014 6:23am May 30, 2014 6:23am
Quoting wizz2014
{quote} Update: This was a very good one and the net pips came to 3172 ( a first for a newbie, me). I have to close as the market may begin to swing the other way and the demand range has been hit already. Although it started as a scout, I mistakenly closed the 1st two EPs (see blue arrow on the supply region), but followed on with more scouts and classics as I entered the green territory. {image} {image} {image} {image}
GOOD JOB, mate! That I call adding to the green!
  • #72,591
  • Edited 6:43am May 30, 2014 6:23am | Edited 6:43am
AUDJPY Long Trade Opened:

Entered with Classic long, just a bit early in the price action. LS MMs started out making a lower low and lower high, but I feel they are only keeping the price lower overall so as to advantage long building. The US MMs might well have the same idea, so if the price falls later I might add a long Scout. No TP at this time, but not a long duration trade because it is Friday.
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  • #72,592
  • May 30, 2014 6:26am May 30, 2014 6:26am
Quoting traderathome
{quote} wizz2014, Way to go, 3,172 pips! {image}
Thanks Prof Tah - we are following your leading. As mentioned in another note. GA also followed the same profitable path (and again a big thanks to you!)
  • #72,593
  • May 30, 2014 6:29am May 30, 2014 6:29am
Quoting DDaniel
{quote} GOOD JOB, mate! That I call adding to the green!
Thanks mate!
  • #72,594
  • May 30, 2014 8:12am May 30, 2014 8:12am
UJ, quick M5 scalp, dragon, ema headed up and above pivot/support, +5 small pips standard. Closed candle wick bounce from 61.8 fib. IMO, if it breaks fib next target around quarter number, but it's Friday

Regards,
Cigarguy
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Keep It Simple
  • #72,595
  • May 30, 2014 8:20am May 30, 2014 8:20am
Quoting traderathome
{quote} EURUSD: The M15 Classic long setup points right into strong resistance (see H1). Might want to let it break up (if if does) and then wait for a retrace back to the SR area. And even then, wait to see what happens. Remember, this is Friday, and the MMs are not likely to be busting out of their britches today to mount a fantastic move. More likely than not, they will just try to fake traders into wrong side positions while moving prices to advantage their own position building. This pair is still very beaish. I would not be trusting a "Friday...
EURUSD:

Well, this time they did. Just goes to show, we can never know. Once again the truth of the system prevails: get your PVSRA bias so you have a better idea of what might be going on, wait for the proper Classic and trade it. Trend or counter trend makes no difference except in expectancy for target. It then just becomes a matter of watching like a hawk.

In this case, still bears that are only moving price to advantage their short building. But it does not matter. Trend or counter trend, we simply have different expectancies for targets. A retrace move can be profitable. Just watch like a hawk (Sonic's wisdom).

-tah
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  • #72,596
  • May 30, 2014 8:40am May 30, 2014 8:40am
Quoting cigarguy
UJ, quick M5 scalp, dragon, ema headed up and above pivot/support, +5 small pips standard. Closed candle wick bounce from 61.8 fib. IMO, if it breaks fib next target around quarter number, but it's Friday Regards, Cigarguy {image}
Do you mind expounding on what you mean by "closed candle wick bounce"? Is that related to your entry or your exit?

Thanks
Bill
  • #72,597
  • May 30, 2014 9:02am May 30, 2014 9:02am
Quoting billko1977
{quote} Do you mind expounding on what you mean by "closed candle wick bounce"? Is that related to your entry or your exit? Thanks Bill
billko1977,

Well, for my quick scalps I watch levels, pivots and fibs for S/R. If I see that candles (price) has been respecting these levels previously then for my quick trade I will usually close when the wick again runs to that level and then a bounce back. The UJ M5 chart shows price ranging between 50% and 61.8 fibs so I was watching those for S/R. But, as you can see right now as I am writing this post, with the UJ, once the 61.8 fib was broken up she went. I left a whole bunch of pips on the table, so I don't recommend scalping like this, much better to follow the classic trade set ups and pure PVSRA. It just works for me with my lot size so I'm ok with these small pips and been doing it for years. A bounce from the 61.8 fib was a exit for me, just my style.

Regards Good Trading and have a nice weekend.
Cigarguy
Keep It Simple
  • #72,598
  • May 30, 2014 9:14am May 30, 2014 9:14am
Quoting cigarguy
{quote} billko1977, Well, for my quick scalps I watch levels, pivots and fibs for S/R. If I see that candles (price) has been respecting these levels previously then for my quick trade I will usually close when the wick again runs to that level. The UJ M5 chart shows price ranging between 50% and 61.8 fibs so I was watching those for S/R. But, as you can see right now as I am writing this post, with the UJ, once the 61.8 fib was broken up she went. I left a whole bunch of pips on the table, so I don't recommend scalping like this, much better to...

cigarguy,

That was an excellent response. I know you kinda keep exactly what your doing to yourself... for obvious reasons. You still answered my question perfectly.

And dont worry, Im not a scalper but have always been interested in ANY method that is successful. You obviously are very good at what you do so i cant help but pick your brain a little bit from time to time.

Thanks again and a nice weekend to you too
Bill
  • #72,599
  • May 30, 2014 9:17am May 30, 2014 9:17am
Quoting billko1977
{quote} cigarguy, That was an excellent response. I know you kinda keep exactly what your doing to yourself... for obvious reasons. You still answered my question perfectly. And dont worry, Im not a scalper but have always been interested in ANY method that is successful. You obviously are very good at what you do so i cant help but pick your brain a little bit from time to time. Thanks again and a nice weekend to you too Bill
billko1977,

Thank You. We are all here to help and learn from each other. The Sonic R Mantra "Caring Is Sharing"

Regards,
Cigarguy
Keep It Simple
  • #72,600
  • Edited 10:13am May 30, 2014 9:25am | Edited 10:13am
Quoting traderathome
AUDJPY Long Trade Opened: Entered with Classic long, just a bit early in the price action. LS MMs started out making a lower low and lower high, but I feel they are only keeping the price lower overall so as to advantage long building. The US MMs might well have the same idea, so if the price falls later I might add a long Scout. No TP at this time, but not a long duration trade because it is Friday. {image}
AUDJPY Long Trade Update:

Added long Scouts when price was lowered into support zone, including prime area for accumulation of longs below half LEVEL. With 1.5 hours until the close of the LS, there is still time for this to rise further.
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Edit: Closed trade for 360 pips gain. This is sluggish and the profit is good now.
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